Monday, November 25, 2019

Financial Ratio Analysis

Financial Ratio Analysis Ratio analysis is of great importance when it comes to the assessment of the financial position and health of any business enterprise. It may be a tedious activity but once results have been obtained from the computation, interpretation is fast and easy.Advertising We will write a custom essay sample on Financial Ratio Analysis specifically for you for only $16.05 $11/page Learn More Ratios can therefore be used by potential investors, creditors, and money lending institutions such as banks as well as the company management to judge how the company is progressing (Jan et al, 2008, p. 266). Ratios work by comparing two or more items on any of the prepared financial statements of a company such as the balance sheet, income statement, cash flow statement and many others (McManus, 2009, p.1). Ratios are grouped into different classes depending on their final use. These classes include: liquidity ratios which give an indication of whether the company is able to m eet its liabilities in the short run. Profitability ratios are used to determine whether the enterprise has the ability to handle its expenses and make profit in return to the resources it has put into the enterprise (Houston and Brigham, 2009, p. 90). The list of the type of ratios that can be calculated from any financial statement is endless since almost all items on these financial statements have some degree of correlation. The information obtained from financial ratios analysis, other than giving an impression of how the company is fairing on, it can be used by external bodies to determine the credit worthiness of the company A common example of a liquidity ratio is the current ratio which compares the liquid assets of a company to the non-fixed or current liabilities. It is therefore calculated as follows: Current ratio = Current assets/ Current liabilities This ratio is very important as it shows the company’s potential to pay for its short term liabilities. Any credi tor to the company will have to look at this ratio so as to depict the credit worthiness of the company in the short-term which will depict its ability to pay the long-term as well.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The second ratio is the Return on capital employed (ROCE) which is a profitability ratio. This ratio as the name suggests shows the correlation between the operating profits that has been generated during a certain trading period from the average long-term capital that has been invested in the company. In other words it shows what the company has managed to reap from the resources that it has invested for a certain period of time. It is calculated as follows: ROCE= Net profit prior taxation and interest x 100 Share capital + long-term loans+ Reserves This ratio is of great significance to the investors as they are able to predict how their investments ar e bound to fair in the targeted company. Another common profitability ratio is the Gross profit margin which depicts the relationship of the sales of the company and the generated gross profit. It is therefore calculated as: Gross profit x 100 Sales revenue This ratio shows how profitable the company is and is therefore used by money lending institutions such as banks as well as investors before making the decision of entering into financial transactions with the company (Jan et al, 2008, p. 266). Last but not least is an example of efficiency ratios that show how the company makes use of the resources it has. This is the Average inventories turnover period calculated as: Average inventories held x 365Advertising We will write a custom essay sample on Financial Ratio Analysis specifically for you for only $16.05 $11/page Learn More Cost of sales This ratio is used to determine the average number of days that the company is holding inventories. Again the inv estors and banking institutions use this ratio as a gauge of the company’s progress. From the aforementioned examples of ratios, it can be deduced that ratio analysis is an important process of the business enterprise as it provides information to external users such as banks, creditors and investors in addition to assisting in the management of the enterprise or company (McManus, 2009, p.1). Reference List Houston, F. And Brigham, E. (2009). Fundamentals of Financial Management. [Cincinnati, Ohio]: South-Western College Pub. Jan, W. Haka, S. Bettner, M. And Carcello, J. (2008). Financial Managerial Accounting. McGraw-Hill Irwin. McManus, G. (2009). Financial ratio analysis. Retrieved from https://www.bizmove.com/finance/m3b3.htm

Thursday, November 21, 2019

Was Jimmy John Liautaud just lucky or his business style enough to Essay

Was Jimmy John Liautaud just lucky or his business style enough to guarantee success in today's corporate world - Essay Example One of the major contributions to John success was low level of competition. In those days, people had not ventured in business. John therefore, took Cultural Revolution that was taking place at that time to conquer the market. People were moving away from gender segregation that was characterized by division of gender roles to an economy that all genders participated in the development of the economy. People were therefore starting to use fast foods as a result of changing family roles. Therefore, his quick response in taking up the new opportunity that arose made him to prosper in business (Corbus & Guertin, 2007) The success of any business depends on the owner’s ability to take risks and work towards overcoming these risks. This is to be supported by personal interest and commitment towards achieving the set goals. John was dedicated to prosper in his business as he spent much of his time strategizing on the best opportunity to undertake in order to prosper in the future (Corbus & Guertin, 2007, 20). Business attitude is the key to success of the business and this is the one that made John take the loan that was given by his father rather than joining the military John success was mainly spearheaded by his originality. Currently, many entrepreneurs are concerned at photocopying other people ideas and try to modify these ideas to suit their interest. As a result, high competition has increased as entrepreneurs are trying to outdo each other. This was not the case with John. Despite lack of specialization in business related sector, he knew that the only way to enter and segment his own market is coming up with a new product. This helped him to position the product in the market and get financial strength before other competitors entered the market (Corbus & Guertin, 2007, 22). In the current days, business transaction has recorded tremendous changes as a result of increased risks and uncertainties that face the sector. This has

Wednesday, November 20, 2019

MARKET ANALYSIS AND REPORT Essay Example | Topics and Well Written Essays - 1750 words

MARKET ANALYSIS AND REPORT - Essay Example The following factors help in obtaining the reason behind different arithmetic means exhibited by the given institutions: An appropriate investment decision will entail the consideration of the prevailing political and legal changes. These changes, including tax changes, have direct influence on the decision made by an investor in the industry. The changes either can be against or in favor of profitability witnessed depending on the strategies taken by the industry to reduce the influence. For instance, reduction of tax in a certain industry will attract investor. Tax decrease normally associates to high profitability in that given industry consequently attracting more investors. Before making investment decision, investors always consider the historical performance of the company in the market. The historical performance gives appropriate information for determining the probability of a company to achieve profitability in its operation. Since profit acts as the main objective any investor, their decision will depend on the profitability in the recent years. The ability of a company to sustain the interest of the investors for a long time will depend on the associate expected future trends. In future, a company may decide to adopt mergers, acquisition or dividend declaration leading to the change in the image it upholds to the investors. Declaration of dividend by a company accentuates the certainty of the company to increase the share dividend to the investors. Further, action by a company to merge will also insinuate profitability to the investors. Acquiring part of a company also increases the share dividend that a company gives to its investors. The occurrence of these three changes shows that expected future events may affect the investor’s decisions. These factors, as indicated, influence the choice made by the investors making them be of significance to the manager when making

Monday, November 18, 2019

Research Methods unit 7 Essay Example | Topics and Well Written Essays - 500 words

Research Methods unit 7 - Essay Example The Mason case study is better known as Sybil based on the novel written based on it. Because of this study, psychologists became aware of MPD; before the book’s publication in 1973, there were only 75 reported cases with MPD symptoms, but thereafter there have been 40,000 diagnoses of MPD mostly in North America (Carroll, 2009). Case studies such as these are usually received with much controversy and scepticism by the scientific community. In the case of Mason’s MPD, psychologists were polarized on the issue of its validity, as many advocating the effectiveness of Wilbur’s methods as those who criticize it for being subjective and partial, creating rather than merely observing or treating the alleged disorder. Detractors believe that signs of MPD only appear after therapy has begun. The advantages of the case study method include the rich source of information provided by this method. Insights are provided by close observation of the subjects’ behaviour, which could provide leads for later controlled, experimental research. Case studies also provide opportunities to try out new therapeutic techniques, or innovative applications of techniques already in practice. Another advantage is that the case study is the best technique to study rare events, and to provide evidence to either challenge or support psychological theories (Zechmeister, Zechmeister & Shaughnessy, 2001:216). Disadvantages of case studies are that they are ambiguous and tentative, and are not capable of providing conclusive cause-and-effect findings. Case studies are prone to possible bias in interpreting results, because of observers’ predisposal to certain ideas, and biases introduced in the collection of data. Finally, there is limited external validity for case studies, as there are problems in arriving at generalizations from the data obtained from a single case (Zechmeister, Zechmeister &

Friday, November 15, 2019

Every organization has its own culture and belief

Every organization has its own culture and belief Introduction Every organization has its own culture. Every culture consists the expectations related to behavior. These norms and values are not in writing but it tell employees the way things really are. Perception of all the persons in business from chief executive to the lowest rank is influenced by these norms. Employees of any organization contribute to the success or failure of the organization; follow the norms by supporting and accepting them. Organization culture Corporate culture is the combination of shared values, norms and beliefs that give meaning to the persons of an organization and provide them with the rules for behavior in the organization. Organization culture is concerned with how employees concerned with six basic features such as individual, autonomy, structure, consideration, conflict and structure. Every organization explains in its own way what it means by culture. Some of them called it ethos, core, manner, ideology, philosophy, roots, style, vision, patterns and the way and the purpose. Constituents of the culture Organization culture is made up of tow dimensions Guiding beliefs Daily beliefs Guiding beliefs there are external beliefs relating to how to compete and how to direct the business and also there are internal beliefs relating to how to manage, how to direct the business. The philosophical foundation of every organization is built with these roots and principles. These roots and principles are held as universal truths and are enough to accommodate any variety of circumstances. Daily beliefs are those rules and feelings that are related to everyday behavior. They are dynamic, situational and change to meet circumstances. Functions of organization culture Today organization can not neglect its human side. Employees of the organizations are the real fortune maker of the organization who play a great role in making the organizations strong and growing unit. It is necessary for organization to develop an organization identity and to nurture the spirit of oneness .organization culture performs four different types of functions. Desired behavioral pattern Employees must learn to behave according to basic organizations philosophy. And they should understand their surroundings. Collective commitment Organization culture is the result of team efforts. Culture is that visible bond of feelings and emotions that ties the employees at all the levels to develop collective commitment. The fooling of organizational identity Good Organization culture has ability to attract develop and keep talented people. Organization can not grow without strong commitment of its employees. Socialization of members The organization must uniformly develop system of promotions, remuneration and behavior patterns which can socialize the employees without any conflicts between them. DIAGNOSING AND CHANGING ORGANISATIONAL CULTURE: BASED ON COMPETING VALUES EMPLOYEE MORALE It is the relationship that a particular employee or a group of employees have for their work and for their organizations they work for. If there is high employee morale means employees are happy and this is also reflective in the kind of job they do. On the other hand if there is low employee morale it will result in low productivity and pessimism in employees. It is important for all the organizations to make continually efforts to keep morale high. Significance Employees morale is a part of workforce culture. When there is high employee morale employees are happy, they become more efficient because they enjoy their work. It is important that employees do not feel overload and burdened by their job. Develop Better communication always improves employee morale. Encouraging employees to communicate their ideas and thoughts effectively will result in better understanding of each other. This also helps in developing the leadership styles in employees and teaching the employees how to be assertive. Top management should also talk sincerely to their employees and staff and build a solution to resolve the issues among the employees. Effects If there is high employee morale then it shall result in effective team. A supportive environment helps employees to work effectively and share their ideas without fear of being ridiculed. High morale is also an induction of job satisfaction. Employees should also be forward in asking for help and support of any kind in an organization. Considerations Human resource department helps a lot in improving the employees morale by participating in various activities and events that would help in raising the employees morale. Team building exercises play a great role because when employees work in harmony in teams , they tend to help each other. Expert insight The best way to improve high morale is to reward the hard work of employees. An employee may sometimes feel overloaded with the amount of work he needs to be done and could start of thinking the value of the work comparing the amount of pay he receives. When employees feel that they would appreciated then they shall more likely to want to shoe their skills and contribute more. Impact of organization culture on employees morale The nature of organization culture that exists in the company decides the degree to which the desired results from the employees are obtained. The perception of members about the organization usually determines that type of the organization culture. An organization culture consists of two components The primary value of the organization The existing systems and styles of management These two components mainly determine the degree to which the desired results shall obtained from the employees. The value systems of the employees indicate the direction in which the employees originations are likely to move in the future. A strong culture is the lover for guiding behavior of employees. It helps employees to do their job better. Organization culture can be stated in following five features Conflict Consideration Organizational structure Individual autonomy Reward for the employees The essence of the organization culture is mainly concerned with how workers perceive each of the five features stated above whether positive or negative. A system of informal rules can be necessary for an effective culture that spells out how employees in organizations are behaving most of the time. It also enables people to feel better about what they have done, so that they are more likely to work harder. It provides a sense of common direction and rules for day to day activities. If organization culture is such that they give reward and appreciate the employees for their work done then there will be an high employees morale in an organization. Most of the people thrive on feeling appreciated. Every organization can improve employee morale by showing appreciation in simple ways such as rewarding employees by saying well done and than you for the good work. Psychological research shows that atmosphere greatly and also directly affects the employees morale and motivation level. Providing comfortably and aesthetically pleasing furniture is one way to motivate people. Lighting flowers and artwork can be the method help improve employee morale. If in the organization employers are friendly and interested in employees then there will be high employee morale sincere query and a warm smile shall help in motivating employees. Every organization must encourage social interaction between employees and must resolve conflicts immediately to improve the employee morale. Social events such as picnics and softball or baseball games can create a sense of belongingness between employees. Social interactions help in positively influences the cooperation about coming to work everyday. On the other hand if there are no interactions then such situation of isolation can cause depression and a lack of motivation. Providing a pleasant atmosphere is sometimes not possible like in factories and repair shops. In these types of environments offering a proper relaxation time period and a break room helps to improve motivation level. In any work environment, safe and comfortable conditions raise employee morale by providing a reasonable sense of security. There are many issues that stems from practices embedded within in an organization culture affecting employee morale and productivity. These include Little or no accountability Employees need to know that mistakes may count for learning instead of punishing criminals for repeat offenses. Leadership not serving as examples Today some leaders are ruthless, demeaning and narcissists. Leaders need to act always in harmony and ensure equal treatment of all like the organizational culture in McDonalds and FedEx. Departmental infighting Companies are in business for one reason: to create clients. End the fighting and focus on the most vital asset. When the fighting ends perhaps harmony shall arrive. Career planning and succession planning is null Most of the CEOs and senior managers join an organization from competitive industries and companies. In the organization there is null career planning then there will be very less employee morale and the motivation level. How employees morale benefits your business? If compared to employees who are motivated with disengaged workers we shall find that disengaged workers do their work less efficiently, miss more workdays and also cost organization thousands of dollar due to loss of productivity. Keeping the employees motivated and high morale is one the best way you can maintain the productive workforce. For getting employees and to feel connected to the company, managers must ensure that employees clearly understand their roles. Managers must provide good training and continuous feedback to ensure high motivation level of employees. High morale of employees shows the setting of high standards and shows commitment toward the organization. When it comes to things like customer service and quality then act in such a manner that consistent with what you demand from your employees. Make employees feel valued and connected by asking for their feedback and suggestions and giving them room to make decisions by involving employees as equal members of your team. If the organization promotes policies that support employees in taking action to resolve issues then there will be less wastage of time and energy that will no doubt shall effects the organization productivity Direct relationship between employees morale and organization culture Therefore to have a high employee morale there must be favorable organization culture. There are some of the pointers to improve the organization culture Say thank you often and sincerely face to face. Offer the options to the employees to come an hour late on Monday mornings or leaving the employees an hour early on Friday afternoons when possible. Employers must take time to meet with employees one at a time. Acknowledge special events either through cards, meetings ad news letters. Encourage a sense of ownership in work. Publicly appreciate hard work and an initiative on the company bulletin board, in the news letters and board meetings. Suggestions for high employees morale With the helps of survey determine what motivates employees. Gauge the areas in career development, recognition and rewards, status, task accomplishment activities, leadership, and praise, problem solving achievement and guiding others. Communicate with employees about how companys basic goals, vision and mission connect to individuals employee goals. Set up a display about the employees proudest moments. Create such environment that expresses concern for employees. Allow time to the employees at the beginning of the shift so that they can review past and ongoing goals. Instill a sense of confidence and encouragement in the companys ability to provide resources to employees for succeed. Highlight the accomplishments and success stories of employees. Use themed apparel and a casual dress day to promote a sense of tea spirit. Provide a relaxation breaks and pictures of great vacation or picnics as rewards for group achievements. Encourage them to start book clubs, craft circles and other activities that they can share with co-workers. Organization must also promote open communication system in work environment. Employees who are dedicated to the companys future and goals instinctively work towards accomplishing their goals. Employers should model the behavior which they want to seek in the employees. Leaders need to be enthusiastic and confident about companys goals and vision. Encourage the staff to be proactive problem solves and welcome their contributions. Help them in identifying the challenges and encourage work together to overcome obstacles and explain how to maintain individual success. Respect their personal lives If manages are putting so many hours in the work, everything else is probably suffering. It can be highly motivating to show concern about a managers life outside work. Occasionally talk about life Organization need to set aside time for one-on-one meetings, to talk about managers career development and personal agenda. Create closure One the major reasons that their work is never done, no matter how many hours they put in, employees get to finish their project but the manager comes back to the same desk every morning. Tips and warnings Morale is the responsibility of every organization. In the end, employees are responsible for the value the place on morale Be creative in conveying the importance of morale by coming up with new ways to create an exciting place to work. Print posters with inspirational sayings and place them in highly visible areas. Do not focus all your efforts on negative and non motivated employees. If accountable, their actions eventually cause them to improve or leave. Balance self motivation with company motivation to improve morale. GOOGLES ORGANISATION CULTURE Google has one of the interesting organizational cultures. They are one of the top among 100 companies to work for according to fortune (2008).it is one of the most fastest and useful web searches around the world. Google strives to have the reliable search engine in order to accomplish this Google hires employees that are the best in their technological field. Google rewards the hard work of their employees with an extremely relaxed workforce that encourages creativity through gun activities such as office picnics, roller hockey, and softball and through a casual dress code. Google also provide the services of gym and massage inside the company building Google build such loyalty with their employees that many of the employees see each other and Google management as a family. In Google, there is an emphasis on team achievements and pride in individual accomplishments that contribute to the companys overall success. Googles group orientation is the primary feature of its culture. It encourages its employees to work and also play together so that a family bond is formed. Googles culture is the combination of various things such as ethical, customer-responsive an d spiritual. Its employees are encouraged to be creative in problem solving which sometimes calls for risk taking. Googles employees are allowed an enough freedom so that they do not take it for granted and this keeps them on ethical ground. The also have a sense of team rather than self so this encourage them to work together to achieve organizations goals. Googles employees understand that thinking out of the box is what they are known for so they go beyond others would do to satisfy a customer need while maintaining company values. This out of the box type of organization puts the company into the spiritual type of organization. They are also encouraged to have fun with their job. Google has a unique and comfortable way of conducting business that appeals too many. It is a give take relationship both sides get something out of it. Googles culture is of such a sort that creates individuals a desire and the motivation to stay with the company. Thus, we can say that Googles culture is very strong. It hires people that embody their companys values and feel the same intense desire. This desire allows the companys employees to work towards the same goals and intensifies the bond the share. Google receives 1300 applications a day and tends to have a low turn over rate. Conclusion The top management of every company should involve in the process of developing right organization culture. Also it is not only the responsibility if human resource department. And why not after all the companys culture has a major impact on employee morale and productivity. However, there are many companies who view their organizational culture only as a recruitment tool and element in employee motivation and communications. But now focus is shifting and organizations are now realizing that an effective culture engages employees at a fundamental level, and translates that engagement into high performance. Culture helps the every organization to accomplish what it desires to achieve. The organization culture as a management tool has great motivating impact to motivate employees to improve their own organizational performance.

Wednesday, November 13, 2019

Supernatural in Shakespeares Macbeth - Beyond the Fair and Foul Essay

More to Macbeth than Fair and Foul      Ã‚  Ã‚   The statement "Fair is foul, and foul is fair" does not thoroughly express the many themes of Shakespeare's Macbeth.   The first time this statement occurs is very early in the play, when the witches chant the exact line "Fair is foul, and foul is fair"(I.i.12) only for Macbeth to repeat it himself two scenes later.   This repetition of the lines shows that the characters themselves believe that there are many foul events taking place.   Firstly, one can watch the fair Macbeth degrading into a foul inhuman monster.   Secondly, the witches may be contrasted to Macbeth to demonstrate the real foulness in these characters.   Thirdly, it can be shown that there is simply no fairness existing in Macbeth.   Lastly, one can see that there are too many themes in Shakespeare's Macbeth to be summed up in one line.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Macbeth, in the beginning, is a man of valor, honor and nobility.   With his loyal traits he helps maintain Scotland's stability.   Macbeth, on the outside, seems to be the fairest man in all of Scotland; however such is not true. Under the cloaking shadows of his skin, Macbeth hides his one weakness: ambition.   His wife realizes his ambition and stirs him to act on it.   Macbeth struggles with a choice: should he let the witches' prophecies realize themselves, or should he take the steps necessary to achieve them?   Macbeth knows that the latter choice will involve the murder of his virtuous king Duncan, but even this is not enough to convince him to bide his time. After urging from his wife, he chooses the latter and murders his king.   In doing so, Macbeth disrobes himself of all that is good in the human soul: kindness, courage, honor and love.   Macbeth becomes so obses... ... Greenhaven Press, Inc., 1999. 126-35.    Cotton, N. "Witches and Magic in Macbeth." Shakespeare Quarterly. 38, 1987: 320-326.    Kinney, Arthur F. ed. William Shakpespeare: the Tragedies. Boston: Hall and Company, 1985.    Muir, Kenneth. "Introduction." In Macbeth. Ed. Kenneth Muir. New York: Routledge, 1992.    Shakespeare, William. The Tragedy of Macbeth. Elements of Literature. Sixth ed. Austin: Holt, Rinehart and Winston, 1997.    Stallybrass, Peter. "Macbeth and Witchcraft." In Focus on Macbeth. Ed. John Russell Brown. Boston: Routledge, 1982.    Wadsworth, Frank W. "Shakespeare, William." World Book Online American Edition. Online Edition. Online. Netzero. 26 Mar 2002.    "William Shakespeare." BBC Homepage. Online. Available <http://www.bbc.co.uk/history/culture/shakespeare.shtml>. 26 Mar. 2002. Â